Jh-211 Distributor Cap on 2040-parts.com

Budget 2014 – what it means for the motorist

Chancellor George Osborne today addressed parliament with his 2014 Budget statement. There was plenty in there to talk about, but what we were desperate to find out was how Osborne’s financial plan for the next 12 months was going to help the average motorist in the UK. Here, we’ve got everything you need to know about the 2014 Budget when it comes to cars. From the fuel duty freeze to Vehicle Excise Duty road tax reforms, company car tax to classic car tax, this is what Budget 2014 means for drivers in Britain.

Hyundai Veloster RE:FLEX hits Chicago Auto Show

We hope Simon LeBon's mysterious “treasure in the dark” wasn't a turbocharger. If the Duran Duran frontman deigns to pick up a Hyundai Veloster RE:FLEX, he won't be getting one. The RE:FLEX package, announced at the Chicago Auto Show adds chrome 18” wheels, extra brightwork on the door handles and hood, a passel of LEDs, a pair of light-up doorsills and the standard 138-hp, 1.6L engine.

Victor Muller sells Spyker sports cars to CPP

Supercar maker Spyker is to be sold. Coventry-based coachbuilder CPP has announced a memorandum of understanding (MOU) to buy Spyker Cars from Spyker Cars N.V, the holding company which owns Spyker and Saab. No. Saab remains under the ownership of Dutch company Spyker Cars N.V. This sale is of Spyker, the manufacturer of flamboyantly detailed mid-engined supercars. CPP has been supplying chassis and body panels for Spyker since the brand was relaunched in 2000, and completed an agreement to handle full manufacturing of the current range in 2009 – the production of Spyker cars moved from the Netherlands to Coventry in 2010.   The MOU, valued at €32m, will mean that CPP Global Holdings Ltd will become manufacturer and owner of Spyker – €15m will be paid straight away, with the remaining €17m paid over a six year 'earn-out' period.